China Endorses Launch of First Large Private Investment Firm

22/08/2014

China has endorsed the launch of the country’s first national-level private investment company, China Minsheng Investment, in Shanghai.

Securities / Derivatives

Taiwan Plans Cross-Border Stock Trading with Japan

22/08/2014

Taiwan will study the possibility of launching a cross-border stock trading scheme with Japan in a bid to boost internationalization of the local bourse, said the country’s top financial regulator.

Securities / Derivatives

Taiwan Regulator Eyes Pan-Asian Growth for Financial Sector

22/08/2014

Taiwan’s Financial Supervisory Commission vowed to support financial institutions’ bid to expand into other Asian markets by easing a number of regulatory hurdles in the banking, insurance and securities brokerage industries.

Securities / Derivatives

ASEAN on Track to Create Regional Asset Class

21/08/2014

Top officials of the ASEAN Exchanges said that member bourses are taking collaborative steps to create, market and promote ASEAN as a single asset class.

Hong Kong Regulator Issues Quarter to June Report

21/08/2014

The Securities and Futures Commission issued its quarter to June report detailing accomplishments that included the release of a regulatory framework for the over-the-counter derivatives market, and the announcement of a cross-border stock market scheme between Hong Kong and Shanghai.

Standard Chartered Fined $300 Million by US Financial Watchdog

21/08/2014

Standard Chartered will pay $300m over lapses in anti-money-laundering procedures and temporarily suspend its dollar clearing operations with high-risk clients in Hong Kong, the New York State Department of Financial Services (DFS) said.

Indian Large Banks Trim Exposure in Singapore

20/08/2014

India’s large banks are reducing their exposure in Singapore amid tightened regulation and oversight by the Monetary Authority of Singapore of foreign banks.

Sanctions

Leveraging Technology for Compliance and Performance

19/08/2014

Accuity CEO Hugh Jones describes how advanced systems are revolutionising banks’ ability to meet regulations.

PwC Fined $25 Million for Altering Probe Report on Japanese Bank

18/08/2014

New York state has fined PricewaterhouseCoopers $25m and suspended some consulting work for two years after it altered a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd.